Business
QUARTERLY REPORT OCTOBER TO DECEMBER 2017
QUARTERLY REPORT OCTOBER TO DECEMBER 2017.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5342D Thor Mining PLC 01 February 2018 \n\n1 February 2018\n \nTHOR MINING PLC\n(\"THOR\" OR THE \"COMPANY\")\nQUARTERLY REPORT OCTOBER TO DECEMBER 2017\n \n\n\n\n\nHighlights\n\n\n Outlook for March Quarter 2018\n\n\n \n\n\n\n\nTUNGSTEN & MULTI COMMODITIES\n\n\n\n\n\n\n\nMolyhil, NT Australia\n· Continued strength in tungsten and molybdenum pricing price fuels potential development interest. \n· Positive results from sorting low grade ore resulted in a review of the ore reserve.\n· Upgraded Open Cut Ore Reserve adds to mine life and identifies subsequent underground mining potential.\n \n\n\n \nReview of parameters for capital and operating expenses to prepare an upgraded Definitive Feasibility Study (DFS).\n\n\n\n\nPilot Mountain, Nevada USA\n· Initiation of internal scoping study to determine high level operating parameters. \n \n\n\n \n· Evaluation of scoping study outcomes.\n· Stage 2 of metallurgical testwork. \n \n\n\n\n\nCOPPER\nKapunda, SA Australia\n· Technical studies required for preparation of mineral resource estimate on portion of mineralisation amenable to insitu recovery techniques.\n \n\n\n \n \n· Completion & publication of mineral resource estimate for the portion of mineralisation considered amenable to insitu recovery techniques.\n· Leach testing on historical core samples. \n \n\n\n\n\nOTHER OPPORTUNITIES\n· Due diligence under way in respect of Lithium & Gold opportunities in the Pilbara region (WA)\n\n\n \n· Continue due diligence & assessment of low cost exposure to Australian Lithium/Gold opportunities in the Pilbara.\n\n\n\n\n\n\n\n\n\n\n \nCORPORATE & FINANCE\n· During the quarter Gervaise Heddle, non-executive director, resigned from the Company and Richard Bradey, previously exploration manager was appointed as exec...